20210510 China News
Source: | Author:eacham | Published time: 2021-05-10 | 540 Views | Share:
01
Chinese insurance technology company Waterdrop Inc began its first trading day on Friday by debuting below its offer price, a rocky start as a public company, on Wall Street.The Tencent-backed enterprise's stock opened at $10.25 on the New York Stock Exchange, below its offer price of $12. Its share tumbled more than 19 percent to close at $9.7 on the New York debut Friday.
02
In addition to using cash and digital payment platforms such as Alipay and WeChat Pay, participants at the fourth Digital China Summit have another payment option－the digital renminbi－if they want to buy beverages or snacks at the meeting venue.
03
As the COVID-19 pandemic has accelerated the shift to online shopping and created a surge in cross-border e-commerce imports in China, e-commerce platforms are bringing global brands closer to the world's most promising consumer market.
04
China's imports surged by the fastest pace in a decade last month as domestic demand gained more traction, but policy support is still needed in order to consolidate economic recovery and help hard-hit businesses, officials and experts said on Friday.
05
China is turbocharging the pilot use of digital currency nationwide through an array of campaigns to boost consumption.One latest example is the promotion of digital renminbi at the ongoing China International Consumer Products Expo in Haikou, capital city of Hainan province, where banks encourage the adoption of the new function through various incentives like steep discounts on certain merchandise.
06
China will accelerate the setting up of a modern fiscal and tax system to help safeguard fiscal support for the country's major strategic tasks and improve the well-being of the people, in a bid to bolster high-quality development, Finance Minister Liu Kun said in a published article on Thursday.
07
China's southern resort island Hainan will hold the first Hainan Design Week in November, featuring Italy as the first partner country, according to a launch ceremony of the event held Saturday.
08
China has unveiled a guideline to continue its reward and subsidy policies to boost financing for small and micro-enterprises.Through special funds from the central budget, the country will reward and subsidize provinces where such firms enjoy wider and cheaper access to financing between 2021 to 2023, said the guideline issued by the Ministry of Finance and the Ministry of Industry and Information Technology.

Source:Globaltimes,Xinhuanet,Chinadaily,Shine,Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

Guangzhou Office:
Suite 1816-1819, Guangzhou International Sourcing Center, No. 8 Pazhou Avenue East ,Haizhu District, Guangzhou, Guangdong Province.
Tel：+86-20-89059525

E-mail：gz@eacham.org

Shanghai Office:

Global Chambers Zone 

No.624C of Office Building B, National Convention and Exhibition Center(Shanghai)

Tel：+86-13917039347

E-mail：shanghai@eacham.org

Contact us
Beijing Office:

Room 607, No,1 East International Building, No,1 Ciyunsi, Chaoyang District, Beijing.

Tel：+86-10-64952381

Fax：+86-10-64958922
E-mail：info@eacham.org